Did different members of the family sell their homes then buy a home that accommodates all members of the family? How are you treating your money now that you feel confident you cannot be affected by the continual onslaught of unwelcome economic conditions?
One thing you should think about is building equity in your new home as soon as possible. Instead of focusing on paying the structured principal and interest payments, add as much principal-only payments you can make every year. Don’t run out and buy new vehicles because you have some money left in the bank from the sale of your other home.
Don’t forget, spending money you couldn’t afford was why your family had to move in together. As long as you are paying down your principal you are not putting that money in interest.
